Legendary Trader Says XRP Shakeout Was Unsuccessful. Here’s What This Means for Holders
Main Idea
Renowned trader Crypto Lord states that XRP's recent price shakeout was unsuccessful, indicating strong holder conviction and potential for future price increases, supported by institutional interest and regulatory developments.
Key Points
1. XRP's price held firm above $3.00 despite market volatility, with analysts seeing a path to $5.25-$6.19 if momentum continues.
2. Speculation around an XRP spot ETF and U.S. regulatory reforms, like the GENIUS Act, could drive institutional adoption and inclusion in retirement plans.
3. The failed shakeout suggests XRP's investor base is maturing, with holders showing resilience to short-term price drops.
4. A decisive break above $3.60 could push XRP toward $5.00-$6.00, while a drop below $3.00 may lead to a correction to $2.60-$2.20.
5. Ripple's real-world use case in cross-border settlements and clearer U.S. crypto policy are cited as factors supporting long-term growth.
Description
In a recent post on X, renowned trader Crypto Lord declared, “XRP shakeout was unsuccessful. Holders remain unfazed. This is the plan.” His statement comes amid heightened market volatility and renewed speculation surrounding XRP’s trajectory and potential for the token’s ascent to $24. According to Crypto Lord, recent price dips aimed at triggering panic selling failed to shake the resolve of long-term holders. Instead, investor confidence remains intact, and that may set the stage for the next...
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